Car finance provider Oodle Finance has signed a partnership with the car search engine Carsnip to match car buyers with dealers, and support financing transactions in real-time.
Carsnip will add an optional ‘finance now’ button to their search results, which would link prospective car buyers to Oodle Finance. Dealers will be paid commission on all cars financed by Oodle.
Go deeper with GlobalData
Jonathan Clayton, Oodle’s chief executive, said the deal could shorten the process of financing used cars.
He said: “Both Oodle and Carsnip believe technology can bring car buyers and car dealers closer together for a more seamless and effective experience.
“This exciting partnership was the logical next step in our collective desire to optimise this process and make life easier for car dealers and borrowers.”
Alastair Campbell, chief executive officer of Carsnip, said the deal would prevent online finance companies from receiving car dealers’ commission.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataCampbell said: “This new partnership promises to deliver a much simpler way to finance a car by linking search with finance, while protecting dealers finance commission.”
